https://www.taxtmi.com/caselaws?id=298148 The Tribunal allowed the appeal of the assessee and quashed the reassessment order, dismissing the appeal of the Revenue. The Tribunal held that the AO failed to establish a live-link between the information available and the belief that income had escaped assessment. Additionally, the Tribunal found inconsistency in the reasons for reopening the assessment and the actual additions made, leading to the conclusion that the reassessment was unsustainable. en-us Mon, 10 Dec 2018 00:00:00 +0530 Thu, 14 Oct 2021 09:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298148 The Tribunal allowed the appeal of the assessee and quashed the reassessment order, dismissing the appeal of the Revenue. The Tribunal held that the AO failed to establish a live-link between the information available and the belief that income had escaped assessment. Additionally, the Tribunal found inconsistency in the reasons for reopening the assessment and the actual additions made, leading to the conclusion that the reassessment was unsustainable. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298148